US stocks log fourth straight gain on stronger risk appetite

US stocks climbed at the close of trading on Nov. 26, with Wall Street posting a fourth straight positive session ahead of the Thanksgiving holiday, supported by improved risk appetite and renewed momentum in the technology and artificial intelligence (AI) sector.

The Dow Jones Industrial Average rose 0.67%, or 314 points, to 47,427.

The S&P 500 added 0.69%, or 46 points, to 6,812 points, while the Nasdaq Composite gained 0.82%, or 189 points, to 23,214.

In Europe, the Stoxx Europe 600 inched up 1.10% to 574 points, supported by gains across most major sectors and markets.

Germany’s DAX climbed 1.10% to 23,726 points, France’s CAC 40 advanced 0.88% to 8,096, and London’s FTSE 100 rose 0.85% to 9,691.

In Japan, the Nikkei 225 surged 1.85% to 49,559 points, while the broader TOPIX index soared 1.95% to 3,355 points.

Brent crude for January delivery increased 1%, or $0.65, to $63.13 a barrel.

US WTI crude for January delivery edged up 1.21%, or $0.70, to $58.65 a barrel.

Gold futures for December delivery advanced 0.60%, or $25.2, to $4,165.20 an ounce, closing at their highest level since Nov. 13.

Labor Department data released on Nov. 26 showed jobless claims fell by 6,000 to 216,000 for the week ended Nov. 22, signaling weaker layoff activity and a resilient labor market.